ENK 0.00% 27.5¢ enk plc

800kt nickel metal indicates 10 baggers , page-11

  1. 5,739 Posts.
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    Sorry Desmond,

    Made a mistake, "1.8-2% Nickel Ore is selling at USD$50-60/t in China Market."



    should be RMB 550/t = USD $86.2 /t for 1.8-1.9% nickel laterite as at 31, 05 2012.

    http://www.smm.cn/price.php?keyid=25 (in chinese, google translate?)

    So if 70t ore used to produce 1t Nickel metal, ENK save

    cost of 70t*$86=$6020 than the DSO buyers.
 
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